And for the Germans benefits from trade with China are coming to an end

"Some in Germany fear that the Chinese bonanza is coming to an end. China has stepped up its efforts to compete with German companies in precision machinery or acquire them outright. Executives at some German companies in Taicang said local managers they trained had left to form competitors.

German-owned factories make the precision machinery that many Chinese manufacturers need to keep running. If Beijing succeeds in its bid for industrial self-reliance, a recent study by the Bertelsmann Foundation warned, China will no longer need them.

“It won’t be a win-win situation anymore,” said Ulrich Ackermann, director of foreign markets for the Mechanical Engineering Industry Association, known by its German initials, V.D.M.A., which financed the study by the foundation."